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Many companies restrict their directors to buying and selling in the period after the release of their results. The theory goes that the market is most informed then, so directors can’t be accused of trading on inside information. With the interim reporting season well and truly out of the way, these past three months have seen many directors take advantage of their freedom to trade.

As is often the case, there’s been less buying than selling, but what buying there has been supports several of our positive recommendations. We recent upgraded Salmat to Long Term Buy...

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